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Ontario Offer to Purchase Business Assets & Shares
Have you decided to buy an established business in Ontario? You can write up your offer to purchase the assets and shares of the company with this downloadable template.
- The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
- Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
- The buyer will not assume any of the business liabilities except for the premises lease, maintenance contracts and salaries of employees that will be kept on after the closing.
- The parties agree to review and make any adjustments to the purchase price six months after closing.
- It is the seller's responsibility to terminate employees, prepare financial statements, file the final income tax return and pay corporate taxes as of the closing date.
- This is a downloadable fully editable template in MS Word format.
- Intended for use in the Province of Ontario, Canada.
$29.99
Asset Purchase Agreement | Canada
Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.
- The business is sold as a going concern, including assets, inventory and goodwill.
- The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
- The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
- Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement are included in this package.
- The Asset Purchase Agreement package is available in MS Word format and is fully editable to fit your specific needs.
- Intended for use only in Canada.
$49.99
Letter of Intent to Purchase Business Assets | Canada
Negotiate the purchase of a Canadian business with this Letter of Intent to Purchase Assets of Business template for Canada.
- A letter of intent is not a legal contract, except for certain provisions such as confidentiality clauses which prohibit either party from disclosing any confidential information belonging to the othe rparty.
- The buyer is offering to purchase all of the assets and goodwill of the business from the seller.
- If the parties fail to execute a formal Purchase & Sale Agreement within a specified number of days, the letter of intent will expire.
- If the seller fails to go through with the transaction for no reason, the seller agrees to pay the buyer's costs and a specified amount as liquidated damages.
- This template LOI can be used in any Canadian province or territory.
- A signed letter of intent signals to other interested parties that you're already in negotiations to buy the business. Download the template and get it in writing now.
$17.99